June 17, 2015: Markets opened higher on Wednesday, probably anticipating that the FOMC would not change the Fed’s policy rate. Sentiment shifted during the day and it wasn’t until the FOMC announcement came out in the afternoon that equities finally turned around. Shortly before the closing bell the DJIA traded up 0.24% for the day, the S&P 500 traded up 0.29%, and the Nasdaq Composite traded up 0.29%.

The DJIA stock posting the largest daily percentage gain ahead of the close Wednesday was The Procter & Gamble Co. (NYSE: PG) which traded up 1.25% at $80.09. The stock’s 52-week range is $77.10 to $93.89. Trading volume totaled about 6.2 million shares, well below the daily average of more than 8 million. The company’s reported sale of some cosmetics businesses to Coty continued to stoke the share price today.

American Express Co. (NYSE: AXP) whih traded up 1.22% at $80.33. The stock’s 52-week range is $76.53 to $96.24. Trading volume totaled about 5.5 million shares, about 10% below the daily average of around 6 million. The company had no news today, but got word yesterday that the appeals court will expedite the company’s request to overturn an unfavorable ruling.

Intel Corp. (NASDAQ: INTC) traded up 1.03% at $31.96. The stock’s 52-week range is $29.31 to $37.90. About 24 million shares traded hands today, about 20% below the daily average of around 30 million. The company today confirmed that it is laying off workers. Intel said the reductions are “no more than a few hundred at any given site or geography. The company employs more than 107,000 workers worldwide.

Cisco Systems Inc. (NASDAQ: CSCO) traded higher by 0.99%% at $29.00. The stock’s 52-week range is $22.49 to $30.31. Trading volume was around 15.5 million shares, well below the daily average of nearly 25 million. The company today unveiled a $10 billion investment plan to boost its business in China.

Of the Dow 30 stocks 22 are set to close higher today and 8 are on track to close lower.

ALSO READ: The Best and Worst States to Be Unemployed

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.